UK 'Has More Tech Firms Than Previously Thought'

UK 'Has More Tech Firms Than Previously Thought'

A report claims that the UK has significantly more technology companies than the government estimates.

According to its criteria, the government acknowledges 187,600 digital firms.

However, the National Institute for Economic and Social Research (NIESR) says there are around 270,000 such businesses, adding that the government's classification misses out a number of firms.

Responding to the claims, an official at the Office for National Statistics (ONS) said: "We are confident ONS statistics reliably measure the size and shape of the economy according to best international practice."